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Consolidation Golden Rule | NCI + Post Acquisition Profit Explained | Pre vs Post Acquisition Profit
Hey guys! Let’s talk about a golden rule in accounting that you absolutely need to memorize. Consider this your ultimate mantra for consolidation! So, when do we actually add a subsidiary’s profit to the Holding company’s Reserves and Surplus? 🤔Listen closely! You CANNOT just add their old, pre-acquisition profits. Here is the mantra ...
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